Bankruptcy

  • Chandler Act in 1938
  • Bankruptcy Reform Act of "
    • 1898
    • 1975
    • 1978
  • UILA - Uniform Insurers Liquidation Act
  • 1973 - GOV (House) - Report of the Commission on the Bankruptcy Laws of the United States - Part 1 - 343p
  • UILA - Uniform Insurers Liquidation Act
    • 1940 - LR - Legislation: The Uniform Insurers Liquidation Act - 12p
      • Although there has been a vast improvement in national bankruptcy legislation, with the passage of the Chandler Act in 1938,2 so that the receivership device has been abandoned to a large degree by most corporations, insurance companies have been excluded from the Act.3
        • Consequently, they must still rely upon receivership and local statutory substitutes for insolvency proceedings.
  • 1975 - GOV (Senate) - The Bankruptcy Reform Act, Quentin N. Burdick (D-ND)

    • Part 1 - FEBRUARY 19, 20; MARCH 12, 13; APRIL 16, 17, 24 - [PDF-345p-GooglePlay]

    • Part 2 - APRIL 29, 30; JUNE 4; JULY 31; SEPTEMBER 24, 25; OCTOBER 1 , 8, 30; NOVEMBER 5, 6, 11, 12, AND 18 - [PDF-717p-GooglePlay]

      • p11 - Philip A. Loomis, [SEC] Commissioner, Securities and Exchange Commission - ...and the Superintendent of Insurance case, has considerably expanded the scope of private litigation for violations of the securities laws, as compared with what existed before. 
        • And this, of course, has encouraged private plaintiffs to bring actions.
        • Class actions have also become more common than they used to be.
        • And class actions are frequently used in securities cases where you will have a person who has defrauded each of 10,000 people out of a $100, and no one of them can effectively sue, but if you have got a class action for all 10,000, it is an action worth bringing and may be brought. 
    • Senate - Committee on the Judiciary - Subcommittee on Improvements in Judicial Machinery
  • Report of the Commission on the Bankruptcy Laws of the United States
    The Business Lawyer
    Vol. 29, No. 1 (November 1973), pp. 75-116 (42 pages)
    Published By: American Bar Association